REAL

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Hi,

I noticed the new recommendation on GRANITe REIT in thwe new foundational list.
Any updated thoughts on REAL Matters? less bullish on it?

Thanks!

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Asked on December 29, 2020 8:20 pm
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Private answer

Hi JJ,

Not necessarily, foundational stocks are those that are rock-solid and have a long history of execution. In Real's case, they are still very much in the early stages of their growth story and as such carry more risk than our foundational stocks. That being said, we are still bullish on the company which is why it remains on our Growth Bull List. If our thoughts on the company change, we would remove it from the Bull List and provide our reason for doing so. At the moment, nothing has changed with our investment thesis - we like the company. In fact both Dan and I own it (I recently picked it up on this downtrend).

Mat

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Posted by Mathieu Litalien
Answered on December 30, 2020 5:02 am